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Marine Park Flatbush Ave & Ave U 2 Full Blockfronts 34,000 SF of Retail Properties on a 4-Way Hard Corner

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Marine Park Flatbush Ave & Ave U 2 Full Blockfronts 34,000 SF of Retail Properties on a 4-Way Hard Corner EXCLUSIVE OFFERING Marine Park Flatbush Ave & Ave U 2 Full Blockfronts 34,000 SF Of Retail Properties on a 4-Way Hard Corner Jack A. Cohen President KINGS PLAZA RETAIL PORTFOLIO (718) 971-1675 -Office (917) 533-8905 - Cell 5 RETAIL BUILDINGS & 1 PARCEL [email protected] 431 AvenueP, Brooklyn, NY 11230| Tel: 718.971-1675| www.jacohengroup.com EXCLUSIVE OFFERING KINGS PLAZA RETAIL PORTFOLIO 5 RETAIL BUILDINGS & 1 PARCEL 431 AvenueP, Brooklyn, NY 11230| Tel: 718.971-1675| www.jacohengroup.com EXCLUSIVE OFFERING KINGS PLAZA RETAIL PORTFOLIO 5 RETAIL BUILDINGS & 1 PARCEL 431 AvenueP, Brooklyn, NY 11230| Tel: 718.971-1675| www.jacohengroup.com EXECUTIVE SUMMARY & PORTFOLIO OVERVIEW JA COHEN ADVISORY GROUP as exclusive agent for ownership is pleased to offer a rare opportunity to acquire a 6-property portfolio of 34,000 feet of retail space on 2 main retail corridors—Flatbush Ave and Ave U across from Kings Plaza Shopping Center. THE PORTFOLIO 2484-2488 Flatbush Ave, a 7,000 SF corner retail store with national NN tenant Mattress Firm. The building has 170’ total frontage on Flatbush Ave and Ave U and is situated directly across from the Kings Plaza shopping Center. 4206-4212 Ave U is a 4,200 SF building with 2 retail units and 60’ of frontage, which is contiguous with the Mattress Firm corner property. 4204-4204 Ave U is a single-story, 2,800 SF retail building set on a 2,800 SF lot which completes an entire blockfront on Ave U. 4101-4103 Ave U is a 2-story, 5,500 SF retail building set on a 4,000 SF lot which includes 2 retail units and 3 residential apartments. It is contiguous with 4105-4107 Ave U, a 6,000 SF vacant lot also contiguous with 4113-4123 Ave U, a 10,000 SF single-story retail building set on a 10,000 SF lot with 2 retail units and a daycare center which completes an entire city blockfront. Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office KINGS PLAZA RETAIL PORTFOLIO 34,000 SF RETAIL PROPERTIES 4113-4123 Avenue U 2484-2488 Flatbush Avenue 4105-4107 Avenue U 4206-4212 Avenue U 4101-4103 Avenue U 4202-4204 Avenue U Adjacent to a vibrant and bustling retail node at Kings Plaza Shopping Center Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser’s own architect and/or zoning attorney. 431 Avenue P, Brooklyn, NY 11230 | Tel: 718.971-1675 | www.jacohengroup.com EXCLUSIVE OFFERING 2484-2488 Flatbush Ave NN LEASE PROPERTY SPECIFICATIONS HARD CORNER 4-WAY INTERSECTION ON 2 RETAIL Neighborhood MarinePark CORRIDERS Block/Lot 08559-0042 Lot Dimensions 100’ x 70' BuildingSF 7,000 Stories 1 Zoning C8-1 FacilityFAR 2.4 Usable floorarea 7,000 Assessment(2020) $1,323,900 Taxes(2020) $130,334 Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4206 – 4212 Ave U PROPERTYSPECIFICATIONS Neighborhood MarinePark Block/Lot 08559-0039 Lot Dimensions 60’ X 70 ‘ BuildingSF 4,200 Stories 1 Zoning C8-1 FacilityFAR 2.4 Usable floorarea 4,200 Assessment(2020) $355,500 Taxes(2020-2021) $36,236 1st Mortgage Delivered Free & Clear Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4202—4204 Ave U PROPERTYSPECIFICATIONS Neighborhood MarinePark Block/Lot 08559-0037 Lot Dimensions 40’ X 70’ BuildingSF 2,800 Stories 1 Zoning C8-1 FacilityFAR 2.4 Usable floorarea 2,800 Assessment(2020) $143,100 Taxes(2020-2021) $15,303 1st Mortgage Delivered Free & Clear Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4101—4103 Ave U PROPERTYSPECIFICATIONS Neighborhood MarinePark Block/Lot 08541-0009 Lot Dimensions 40’ X 100’ BuildingSF 5,500 Stories 2 Zoning R4, C2-2 FacilityFAR 2 Usable floorarea 5,520 Assessment(2020) $31,194 Taxes(2020-2021) $31,659 1st Mortgage Delivered Free & Clear Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4105—4107 Ave U PROPERTYSPECIFICATIONS Neighborhood MarinePark Block/Lot 08541-0006 Lot Dimensions 60’ X 100’ Stories 2 Zoning R4, C2-2 Residential/Facility FAR 0.75/2 Usable floorarea 4,500 Assessment(2020) $139,050 Taxes(2020-2021) $14,870 1st Mortgage Delivered Free & Clear Land Parcel Between 4101-4103 Ave U & 4113-4123 Ave U Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4113—4123 Ave U PROPERTYSPECIFICATIONS Neighborhood MarinePark Block/Lot 08541-0001 Lot Dimensions 100’ X 100’ BuildingSF 10,000 Stories 1 Zoning R4,C2-2 FacilityFAR 2 Usable floorarea 10,000 Assessment(2020) $407,250 Taxes(2020-2021) $43,551 1st Mortgage Delivered Free & Clear Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office ZONING MAP 4113-4123 Avenue U R4,2484-2488 Flatbush C2-2 Avenue C8-1 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2 4206-4212 Avenue U C8-1 Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING ZONING/TAX MAP *Note: Data taken from NYC Department of City Planning Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 2484-2488 FLATBUSH AVE 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4206-4212 AVE U 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4202-4204 AVE U 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4101-4103 AVE U 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4105-4107 AVE U LAND PARCEL 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING 4113-4123 AVE U 4105 Avenue U 4202-4204 R4, C2-2 Avenue U C8-1 4101-4103 Avenue U R4, C2-2\\ Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office EXCLUSIVE OFFERING Floor Area Ratio & Air Rights *Note: Data taken from NYC Department of City Planning Located at the Venetian Condominiums 431 AvenueP Brooklyn, NY 11230 (718) 971-1675 Office KINGS PLAZA RETAIL PORTFOLIO 34,000 SF OF RETAIL PROPERTIES Marine Park Marine Park is the name of a neighborhood and the largest public park in the New York City borough of Brooklyn, that lies between Flatlands and Mill Basin to the east, and Gerritsen Beach, Midwood, and Sheepshead Bay to the south and west. The neighborhood is mostly squared off in area by Gerritsen Avenue, Flatbush Avenue, Avenue U and Kings Highway. The eponymous park is within the neighborhood. The neighborhood is largely made up of ethnic groups such as Italians, Irish, Greeks, and Jews. The area is part of Brooklyn Community Board 18. Charles Downing Lay won a silver medal in town planning at the 1936 Olympics for the planning of Marine Park. The neighborhood also contains a public park of the same name. The park's 530 acres of grassland and salt marsh surround the westernmost inlet of Jamaica Bay. Most of the park's land was donated to New York City to be turned into public park land by the Whitney family in 1920 and by Frederic B. Pratt and Alfred Tredway White, who jointly donated 150 acres in 1917. The land donated consists of the area between the current day Fillmore Avenue and Gerritsen Avenue and East 38th Street. Originally almost two thousand acres, over half of which has been donated to the National Park Service as part of the Gateway National Recreation Area, the park is mainly a fertile salt marsh which is supplied with freshwater from Gerritsen Creek. Marine Park, surrounded by the neighborhood it is named after, consists of recreational park areas and the Salt Marsh Nature Center, where myrtle warblers, grasshopper sparrows, cottontail rabbits, ring-necked pheasants, horseshoe crabs, and oyster toadfish can be found. The park used to be a fishing ground for the village of Keshawchqueren. With new land purchases in the 1930s, the park grew to 1822 acres by 1937. That same year, the Board of Aldermen named the site "Brooklyn Marine Park". Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice.
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